Opinions

Gravity Theory in Economics: Implications for Russia

Economics

Gravity Theory in Economics: Implications for Russia

December 23, 2022 | Alexander Morozov, Irina Bogacheva

Gravity exists not only in physics, but also in economics, and just like in physics, its laws are objective. It is far more important for small and medium-sized economies to maintain and develop economic ties with the largest economies than vice versa.

Ben Bernanke: The Right Man at the Right Time

Economics

Ben Bernanke: The Right Man at the Right Time

December 16, 2022 | Sergey Moiseev

As one of the three winners of the 2022 Nobel Prize in economics, Ben Bernanke was awarded it for his research into the causes of the Great Depression. He learned and applied its lessons as chair of the US Federal Reserve when it had to combat the global financial crisis.

Can We Presume That Inflation Expectations Are Anchored in Russia?

Monetary Policy

Can We Presume That Inflation Expectations Are Anchored in Russia?

August 18, 2022 | Vadim Grishchenko, Olga Kadreva, Alexey Porshakov, Dmitry Chernyadyev

With inflation expectations anchored, price spikes do not spread between market segments, and inflation returns to the target level. We have assessed that the expectations of Russian economists have been anchored since 2017, while those of households have not yet been anchored.

Green Transition: Confirming the Priority

Economics

Financial Stability

Green Transition: Confirming the Priority

July 29, 2022 | Elizaveta Danilova, Maxim Morozov, Tatiana Yudina

Transition to a low-carbon economy remains a priority for major countries including China despite the rises in commodity prices and the highest global inflation. For Russia, as its economy refocuses on Asian markets, the importance of the green transition still holds.

Little Fires Everywhere

Economics

Monetary Policy

Little Fires Everywhere

June 21, 2022 | Rainer Michael Preiss

The Fed waited too long to tighten the policy in its anti-inflation stand, believing the acceleration of prices to have been temporary. The biggest concern for markets now is whether the Fed could avoid another policy mistake with regards to over hiking interest rates.

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